News

Loan Closings: Week of December 4, 2017

Last week, NYBDC and affiliates The 504 Company and Excelsior Growth Fund provided more than $1 million in alternative financing to small businesses. Thank you to the partners who make our work possible!

$118,250 loan for construction purposes for a construction company in Orange County, NY.

$590,000 loan to purchase real estate for a hotel in Sullivan County, NY.

$100,000 loan for working capital for fitness center in Dutchess County, NY.

$75,000 loan to purchase equipment for a brewery in Nassau County, NY.

$39,200 loan for franchise fees for a home health care company in Rensselaer County, NY.

$60,000 loan to purchase inventory for a retail swimwear company in Kings County, NY.

$30,000 loan for working capital for a maintenance construction company in Hudson County, NJ.

We offer a full suite of alternative small business financing products including SBA 504, 7(a) and Community Advantage loans, as well as online loans. Interested in partnering? Contact us today!

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ABOUT NYBDC

NYBDC's goal is to promote the business prosperity and economic welfare of the State of New York by providing loans to small businesses including start-up, early stage and mature businesses, with a particular emphasis on minority and women owned businesses. NYBDC provides opportunities to access capital to create or preserve job opportunities and to stimulate the growth, expansion and modernization of small businesses in New York State.

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